Pending changes to the Investment Promotion Act

Investors interested to start an investment in Croatia have to apply for incentives and begin their investment by 30.6.2014. if they want to benefit from current investment promotion benefits

The Government of Croatia has announced changes to the regional aid map as to be in harmony with EU's state aid guidelines.

Under the existing Investment Promotion Act, for local and foreign investors in Croatia changes in the regional aid map will bring "reductive" changes in the amount of tax breaks, subsidies for new employment, grants for capital investments and so forth.

According to the sources from the Ministry of Entrepreneurship and Crafts, investors who are interested to benefit from the existing incentives, need to apply for incentives to either AIK - Agency for Investment Promotion (large investors) or MINPO (SME investors)and start their investment by 30.6.2014.